CANADA STOCKS-Futures rise after strong U.S. jobs data

July 8 (Reuters) - Canada’s stock futures extended gains on Friday after stronger-than-expected U.S. payrolls data suggested that the world’s largest economy had regained pace after a brief lull.

Nonfarm payrolls increased by 287,000 last month, the largest gain since October, the U.S. Labor Department said on Friday. May’s payroll count was revised down to 11,000 from the previously reported 38,000.

In a separate report, Statistics Canada said the economy unexpectedly lost 700 jobs in June, but the unemployment rate dipped to an 11-month low of 6.8 percent as the number of people seeking work fell.

September futures on the S&P TSX index were up 0.70 percent at 8:45 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index fell on Thursday as gold miners retreated following their sharp rally since Britain’s vote to leave the European Union and as a reversal in oil prices weighed on energy companies.

Dow Jones Industrial Average e-mini futures were up 0.67 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.75 percent and Nasdaq 100 e-mini futures were up 0.56 percent.

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Video conferencing equipment maker Polycom Inc said it agreed to be bought by a private equity firm for about $1.7 billion, scrapping a three-month old deal with Canada’s Mitel Networks Corp.

Average daily trading volumes on currency trading platforms run by Thomson Reuters jumped 14 percent in June to their highest since March 2015, the company said, helped by a surge in flows following Britain’s shock vote to leave the EU.